ORGANON & CO (OGN) Stock Technical Analysis
NYSE:OGN - New York Stock Exchange, Inc. - US68622V1061 - Common Stock - Currency: USD
Overall OGN gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. OGN was also a bad performer in the overall market in the last year.
96% of all other stocks performed better in the past year than OGN.
OGN is one of the lesser performing stocks in the Pharmaceuticals industry. 79% of 195 stocks in the same industry do better.
OGN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
OGN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
OGN has an average volume of 6074360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Although the technical rating is bad, OGN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 9.83, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.57
16.33
We found 1 important support area.
- A support zone ranging from 9.67 to 9.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 10.05 to 10.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.44 from a trend line in the daily time frame.
- Resistance @16.17 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for OGN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OGN is up. |
| ChartMill Relative Strength | 4.76 | NEGATIVE | OGN has a low relative strength, it was outperformed by 95.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OGN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.96 | NEUTRAL | The RSI value for OGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests OGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.94 | NEUTRAL | The Stochastics value for OGN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.9 | MEDIUM VOLATILITY | The ATR as a percentage value for OGN suggests some volalility. |
| Average Directional Index/ADX (14) | 12.36 | NEGATIVE | The low ADX value for OGN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
9.96
-0.19 (-1.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-1.87%
1 Week-0.2%
2 Weeks0.81%
1 Month4.51%
3 Month-23.68%
6 Month-35.49%
12 Month-50.47%
2 Year-54.69%
3 Year-68.6%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%3.9%
ATR Inc-16.1%
Range Today0.27
ADR(20)0.38
ADR(20)%3.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.76
Mansfield-4.09
10 Day High10.44
10 Day Low9.45
20 Day High10.44
20 Day Low9.12
52 Week High23.1
52 Week Low8.01
CS1 End9.83
CR1 Start9.93
Volume & EV
DER(3)0.34%
DER(5)-0.08%
Volume2.38M
Volume Incr-4.4%
Vol(5)4.02M
Vol(50)6.07M